The State Controlling Board today approved the release of more than $2 million worth of investments in the Dayton region. The funding is the result of two requests made on behalf of the Ohio Department of Development and supported by State Senator Bill Beagle (R - Tipp City).
The City of Dayton will receive $750,000 through the Clean Ohio Assistance fund to help in remediating the 21-story Centre City Building. Plans indicate that the property will be redeveloped to house retail, office, and residential spaces. The project's planners, Centre City Group, LLC, will invest an additional $5 million in equity, as well as obtain another $6 million through tax credits and grant funding.
Senator Beagle noted potential business and job creation outcomes in commending the funding.
"Creating an atmosphere for entrepreneurship and job growth is essential to expanding our state's economy," Beagle said. "By renovating the Centre City Building, we will be doing just that in Southwest Ohio."
In a separate action, the Controlling Board cleared the release of more than $15 million statewide through the Homeless Assistance Grant (Homeless) Program. Miami and Montgomery counties will be receiving over $1.2 million combined for their ongoing initiatives aimed at preventing homelessness.
Funding made available through the Homeless Program often goes to local governments, nonprofit organizations, public housing authorities, and others who provide services and relief to those in need.

Senator Bill Beagle serves the people of Ohio's 5th Senate District, which includes Miami County and portions of Montgomery and Darke Counties.

COLUMBUS - State Senator Bill Beagle (R-Tipp City) is calling on residents to take a moment to recognize the lifelong achievements of veterans in our community by submitting nominations for the Ohio Veterans Hall of Fame.